IBL Finance Limited was originally incorporated as a Private Company in the name and style of 'IBL Finance Private Limited' vide Certificate of Incorporation dated August 03, 2017 at Ahmedabad. The Company was converted into a Public Limited Company and upon conversion, the name of Company was changed to 'IBL Finance Limited' vide a fresh Certificate of Incorporation dated May 22, 2023, issued by the Registrar of Companies, Ahmedabad.

IBL Finance is a non-deposit-taking, non-systemically important Non-Banking Financial Company (NBFC) classified under the Base Layer by RBI. As a modern, technology-driven fintech lender, it combine data science and innovation to simplify and accelerate the lending process. It stands at the forefront of empowering emerging India by extending credit to a largely underserved yet creditworthy segment. Through the strategic use of technology and robust due diligence processes, it ensure smooth and efficient access to credit for low-risk borrowers. Their product portfolio includes personal loans and financing solutions for Micro, Small, and Medium Enterprises (MSMEs) backed by sound management practices and sustainable business models.

The Company commenced their lending business to self-employed professional and small business entrepreneurs during the financial year March 31, 2019. Subsequently, from the Fiscal 2020, it migrated to fintech based financial services platform. As a technologydriven fintech company, it leverage technology and data-science to make lending quick and easy. Through a Mobile App, it launched a personal loan application on Google Playstore named 'IBL: Instant Personal Loan'.

As of March 31, 2023, IBL personal loan business had an AUM of Rs. 14.62 Crores. To ensure the growth is sustainable, the Company place strong focus on both credit quality and pricing, in creating a profitable lending business. As of March 31, 2023, over 91% of the personal loan customers had Equifax credit scores of above 700.

Company came up with the IPO by issuing 65,50,000 equity shares of face value Rs 10 each and raised funds aggregating Rs 33.41 crores through fresh issue in January, 2024.

The Asset Under Management has crossed Rs 105 Crores as of March 31, 2025.